Quarterly Report Germany III/2017

Industry anticipating 1.8 percent rise in GDP. Global upturn is the main factor

The German economy is picking up speed considerably. The BDI expects real economic output to increase by 1.8 percent in 2017. Exports surpassed expectations by climbing up about four percent in the first six months of the year. Investment activity developing in line with our estimates. Investment in construction is set to rise along with capital investment in plant and equipment given the high levels of industrial capacity utilisation.